Covestro AG’s (1COV) “Buy” Rating Reaffirmed at DZ Bank AG

DZ Bank AG reiterated their buy rating on shares of Covestro AG (ETR:1COV) in a report issued on Wednesday morning.

1COV has been the topic of several other reports. UBS AG set a €85.00 ($98.84) price objective on shares of Covestro AG and gave the stock a buy rating in a report on Tuesday, July 25th. Deutsche Bank AG set a €83.00 ($96.51) price objective on shares of Covestro AG and gave the stock a buy rating in a report on Saturday, May 20th. Commerzbank Ag set a €78.00 ($90.70) price objective on shares of Covestro AG and gave the stock a neutral rating in a report on Tuesday, July 25th. Baader Bank set a €70.00 ($81.40) price objective on shares of Covestro AG and gave the stock a neutral rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co set a €60.00 ($69.77) price objective on shares of Covestro AG and gave the stock a sell rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of €72.00 ($83.72).

Shares of Covestro AG (ETR 1COV) opened at 66.057 on Wednesday. Covestro AG has a 1-year low of €41.66 and a 1-year high of €76.40. The company has a market cap of €13.38 billion and a P/E ratio of 10.019. The stock’s 50 day moving average is €64.96 and its 200 day moving average is €68.34.

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About Covestro AG

Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.